16637 NW 73rd Pl

Miami Lakes, FL 33014 · townhomes · Pending — under contract · 166 days on market
Asking price$487,000
3 beds 2 baths 1,540 sqft
Suggested offer$474,658$12,342 above the est. market value of $474,658.
View on Realtor.com →
Listed by Stanley Rosen · The Keyes Company
Typetownhomes
Built1999
Price / sqft$316
Est. value (own analysis)$474,658
Rent estimate (own analysis)$3,013/mo
HOA$124/mo
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Neighborhood

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Statusfor_sale
Listed date2026-03-20
Removed date
MLSBeachesMLS #B26004853
Coordinates25.92405, -80.32026
Address16637 NW 73rd Pl
CityMiami Lakes
StateFL
Zip33014
Listing ID6182528305
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33014)

Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Purchase price$487,000
Down payment (20.0%)$97,400
Loan amount$389,600
Closing costs (5.0%)$24,350
Total cash to close$121,750
Rent (comp-derived)$3,013$36,150
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,150
Vacancy rate (assumption) assumption8.0%

$36,150 × 8.0% = $2,892

Effective gross income$2,772$33,258
Property tax (placeholder 1.9% of price)$771$9,253
Insurance (placeholder 0.8% of price)$325$3,896
HOA dues$124$1,488
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$151$1,808
Total operating expenses$1,370$16,445
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,258
Total operating expenses derived$16,445

$33,258 − $16,445 = $16,814

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$389,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$389,600 amortized at 6.7% over 30 years = $2,504/mo

CapEx reserve (5.0% of GSR)$151$1,808
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$16,814
Annual debt service derived$30,044
Annual CapEx reserve assumption$1,808
Annual PMI assumption$0

($16,814 − $30,044 − $1,808 − $0) ÷ 12 = -$1,253

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$16,814
Purchase price data$487,000

$16,814 ÷ $487,000 = 3.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,038
Total cash to close derived$121,750

-$15,038 ÷ $121,750 = -12.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$16,814
Annual debt service derived$30,044

$16,814 ÷ $30,044 = 0.56

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,150
Purchase price data$487,000

($36,150 ÷ 12) ÷ $487,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$487,000
Gross scheduled rent (annual) comp$36,150

$487,000 ÷ $36,150 = 13.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,445
Effective gross income derived$33,258

$16,445 ÷ $33,258 = 49.4%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$16,445
Annual debt service derived$30,044
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,150

($16,445 + $30,044 + $0) ÷ $36,150 = 128.6%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes331,094$2,3902026-07-24
townhomes331,100$9002026-08-19
townhomes321,275$2,8002026-08-12
townhomes331,102$2,3002026-08-20
townhomes321,460$3,3002026-07-24
townhomes321,275$3,1752026-07-19
townhomes331,680$3,6002026-06-04
townhomes321,333$3,2002026-05-30
townhomes331,606$2,8502026-06-11
townhomes321,280$2,8002026-08-21
townhomes331,089$2,4502026-08-02
townhomes331,606$3,3002026-07-01
townhomes331,720$3,4002026-07-28
townhomes321,460$3,9002026-08-30

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,094
Listed2026-07-24
Days on market

Asking rent: $2,390

View on Zillow →

6941 W 7th Ave Unit 10

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,100
Listed2026-08-19
Days on market

Asking rent: $900

View on Zillow →

6364 Milk Wagon Ln Unit 6364

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,275
Listed2026-08-12
Days on market

Asking rent: $2,800

View on Zillow →

627 W 68th St Unit 627

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,102
Listed2026-08-20
Days on market

Asking rent: $2,300

View on Zillow →

7011 Crown Gate Ct

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,460
Listed2026-07-24
Days on market

Asking rent: $3,300

View on Zillow →

6433 Windmill Gate Rd Unit 6433

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,275
Listed2026-07-19
Days on market

Asking rent: $3,175

View on Zillow →

6747 Crooked Palm Ter Unit 6747

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,680
Listed2026-06-04
Days on market

Asking rent: $3,600

View on Zillow →

7420 Big Cypress Dr

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,333
Listed2026-05-30
Days on market

Asking rent: $3,200

View on Zillow →

7205 W 3rd Ave

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,606
Listed2026-06-11
Days on market

Asking rent: $2,850

View on Zillow →

669 W 80th St Unit 0

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,280
Listed2026-08-21
Days on market

Asking rent: $2,800

View on Zillow →

643 W 68th St Unit 643

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,089
Listed2026-08-02
Days on market

Asking rent: $2,450

View on Zillow →

7151 W 3rd Ct Unit 0

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,606
Listed2026-07-01
Days on market

Asking rent: $3,300

View on Zillow →

1820 W 72nd Pl

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,720
Listed2026-07-28
Days on market

Asking rent: $3,400

View on Zillow →

7020 Crown Gate Dr Unit 7020

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,460
Listed2026-08-30
Days on market

Asking rent: $3,900

View on Zillow →

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
7310 W 3rd Avetownhomes331,606$375,0002026-07-31
16613 NW 71st Avetownhomes331,258$430,0002026-07-31
1789 W 72nd Sttownhomes331,769$545,0002026-06-19
6832 W 2nd Cttownhomes331,606$495,0002026-06-08
6916 NW 166th Ter Unit 1204townhomes321,270$384,5002026-05-15
7725 W 10th Avetownhomes321,151$490,0002026-05-14
1594 W 73rd Sttownhomes321,008$530,0002026-05-01
6895 W 16th Drtownhomes321,428$450,0002026-04-24
15533 Miami Lakeway N Apt 106townhomes321,288$425,0002026-04-21
7090 W 2nd Cttownhomes321,606$490,0002026-04-14
7385 Big Cypress Cttownhomes321,333$350,0002026-03-31
6923 Holly Rdtownhomes321,445$570,0002026-03-05
15915 Kingsmoor Way Unit 15915townhomes321,460$501,1502026-02-27
6822 W 2nd Lntownhomes331,606$485,0002026-02-24
6925 W 3rd Avetownhomes331,452$400,0002026-02-20
1925 W 72nd Sttownhomes321,520$472,0002026-02-13
877 W 79th Pltownhomes321,747$484,0002026-02-12
1732 W 72nd St Unit 1732townhomes321,438$440,0002026-02-03
765 W 80th Sttownhomes321,280$420,0002026-02-03
6915 W 16th Drtownhomes321,428$420,0002026-01-16
7305 W 2nd Cttownhomes331,606$480,0002026-01-07
810 W 80th Pltownhomes321,278$415,0002025-12-22
6855 W 2nd Lntownhomes321,606$475,0002025-12-18
7380 Big Cypress Drtownhomes331,740$635,0002025-12-08
15512 Sharpecroft Drtownhomes321,460$477,0002025-11-25
7310 W 2nd Waytownhomes321,606$480,0002025-11-14
829 W 79th Pl Unit 829townhomes321,278$440,0002025-11-12
7417 Twin Sabal Drtownhomes321,333$470,0002025-10-30
7250 W 2nd Cttownhomes321,606$495,0002025-10-29

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
6931 Loch Ness Drsingle_family322,050$1,100,000
903 W 77th Stcondo_townhome_rowhome_coop321,103$450,000
6402 Windmill Gate Rdtownhomes32972$459,000
14021 Cypress Ctsingle_family332,216$920,000
15499 Miami Lakeway N Unit 306-5condos321,240$349,990
15533 Miami Lakeway N Unit 101-19condos321,282$404,900
13988 Lake Lure Ctsingle_family321,412$799,999
6901 Miami Lakeway Ssingle_family322,206$1,250,000

10-year hold projection

IRR1.9%
Equity multiple1.31x
Total return (10yr)$101,825
YearProperty valueNOICash flowLoan balanceEquity
1$501,610$16,814-$15,038$385,376$116,234
2$516,658$17,400-$14,497$380,862$135,797
3$532,158$18,006-$13,937$376,038$156,120
4$548,123$18,633-$13,358$370,882$177,241
5$564,566$19,281-$12,759$365,373$199,194
6$581,503$19,950-$12,139$359,485$222,018
7$598,949$20,641-$11,499$353,193$245,756
8$616,917$21,356-$10,837$346,469$270,448
9$635,425$22,094-$10,152$339,283$296,142
10$654,487$22,857-$9,444$331,603$322,884
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.